Total hotel revenue management? Scratch that! Call it revenue optimization!

By Sherry Marek, Co Founder, Vice President at Datavision Technologies | 9 Dec 16

The exciting evolution of revenue management continues to develop in the hospitality industry. Initiatives in revenue management by hotel groups and hospitality vendors started in the 1980s, focused mostly on room revenue. Over the last few years, the official evolution path in revenue management has grown to include virtually every revenue stream, affecting colleagues throughout the property, writes Datavision’s Sherry Marek. A significant amount of data is now available to the team at the property level or at the corporate level to assist in the decision making/tracking process, she says. Many properties use the term “revenue optimization” to encompass the process, and use the title in the job description.

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About Datavision Technologies, Inc.

The premier provider of Business Intelligence for the hospitality industry, Datavision has been in use at high end hotels and resorts for well over a decade. Custom built for the hospitality industry, Datavision"s BI solutions will help deliver instant results by streamlining and standardizing the delivery of important information to the right people at the right time. Datavision integrates information from all your key systems (PMS, POS, Spa, Golf, Labor, etc.) and delivers actionable business intelligence right to your desktop or mobile device. Completely flexible and infinitely customizable, Datavision"s dynamic platform evolves to meet your business needs and delivers information the way you want to see it. Datavison"s rich set of visualization capabilities allow you to view information in a variety of ways - Excel Reports, Dashboards, SSRS Reports, Ad-Hoc Slice & Dice. All of which can be accessed from a web browser or mobile device.
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